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TD Magazine Article

Liquid Workforce

Out of a need to fill skills gaps, organizations are looking into more flexible and fluid ways to get business done. One concept gaining attention is the liquid workforce.

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Thu Oct 01 2020

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Technology has opened doors for workers to enjoy flexibility while accomplishing tasks. Out of a need to fill skills gaps, organizations are looking into more flexible and fluid ways to get business done. One concept gaining attention is the liquid workforce.

"In a liquid workforce, organizations source needed skills from multiple places, both within and outside the organization, and constantly train and upskill to fill any gaps," writes Kalyan Kumar in the CMSWire article "Architecting for the Liquid Workforce."

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Increased access to talent-matching platforms has likewise made it simpler to find the right on-demand workers, writes Yolanda Lau in the Forbes article "How (And Why) Companies Should Engage The Liquid Workforce."

Using a liquid workforce enables businesses to bring the right minds together on any given challenge. While that has benefits, it also has limitations. In terms of benefits, a company with a liquid workforce can respond rapidly and increase workers in areas of needed skills. However, Kumar notes that finding the balance between engaging advanced specialists who are available when needed and fostering a workplace culture that supports cross-skilling and upskilling could be a challenge.

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October 2020 - TD Magazine

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